Huntsman Corporation (HUN) To Go Ex-Dividend on March 13th

Huntsman Corporation (NYSE:HUN) declared a quarterly dividend on Tuesday, February 17th. Investors of record on Friday, March 13th will be given a dividend of 0.0875 per share by the basic materials company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, March 13th.

Huntsman has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Huntsman has a dividend payout ratio of 134.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Huntsman to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 43.2%.

Huntsman Price Performance

Shares of NYSE:HUN opened at $13.38 on Thursday. The company’s fifty day moving average is $11.46 and its two-hundred day moving average is $10.18. The company has a market cap of $2.32 billion, a P/E ratio of -8.16 and a beta of 0.70. Huntsman has a 12-month low of $7.30 and a 12-month high of $18.53. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.54.

Huntsman (NYSE:HUN) last issued its earnings results on Tuesday, February 17th. The basic materials company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.08). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Huntsman had a negative return on equity of 3.93% and a negative net margin of 5.00%.The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the business earned ($0.25) EPS. Equities analysts expect that Huntsman will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

HUN has been the topic of several research analyst reports. Citigroup lifted their target price on Huntsman from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Alembic Global Advisors upgraded shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group increased their target price on shares of Huntsman from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Zacks Research upgraded shares of Huntsman from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Huntsman from $20.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.09.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.